Monument Closes $67M Construction Loan
Monument Realty has closed a $67 million construction loan that clears the way for the D.C. developer and its partners to start work on a 14-story multifamily building in NoMa.
Monument Realty Plans 310-Unit NoMa Development
Monument Realty is competing with several developers to build on a D.C.-owned NoMa site, but it is already moving forward with a project next door. The developer Friday closed on the purchase of 40 Patterson St. NE, buying it in an all-cash transaction for $12.5M from an affiliate of the Choi Cos.
Monument Buys NoMa Lot as it Vies for the Bigger D.C.-Owned Property Next Door
Monument Realty is making its first push into NoMa, buying a 25,000-square-foot lot on Patterson Street NE while continuing its pursuit of a larger, D.C.-owned parcel next door.